1129 W 650 N - Multi-Family FOR SALE


Provo, UT 84601- North Park
$789,900 USD
303-242-8980
1129 W 650 N, Provo, UT for Sale
$789,900 USD
Multi-Family - FOR SALE
1/8
null | 5.25% Cap Rate

1129 W 650 N
Provo, UT 84601
North Park


HIGHLIGHTS

  • Near BYU and UVU
  • Rent by the room to student or families
  • Great access to freeway, Center St, BYU and UVU

OVERVIEW

An exceptional investment opportunity just minutes from BYU, this well-located duplex is currently priced at a 5.2% cap rate, offering an attractive combination of current income and flexibility in one of Provo's consistently in-demand rental corridors. Two spacious 4-bedroom, 2-bath units provide 8 bedrooms and 4 baths total, giving investors multiple options for generating income. Rent each unit as a whole to families or groups, or maximize rental income by leasing room by room. Both units are currently occupied with leases in place, providing income from day one. Separate gas, power, and water heaters help simplify utilities, with tenants responsible for their own gas and electric. Each unit also features its own laundry, fireplace, deck, and full kitchen with appliances included. Five uncovered parking spaces provide convenient on-site parking. With strong rental demand, existing tenants, and a current 5.8% cap rate, this is an opportunity worth a closer look for investors seeking an established income-producing property near BYU.

FOR SALE DETAILS

PRICE

$789,900 USD

PRICE/SF

$279 USD /SF

# OF UNITS

2

PRICE/UNIT

$394,950

CAP RATE

5.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1129 W 650 N

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

MF

APN/PARCEL ID

51-070-0016

ASK ABOUT THIS PROPERTY

Christopher NehrenAtlas Real Estate LLCMore Info
303-242-8980

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Christopher NehrenAtlas Real Estate LLCMore Info
303-242-8980

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.